Nancy Pelosi’s Husband Pours Millions of Dollars into Big Tech Stocks as Congress Debates Antitrust Legislation

Paul Pelosi has a history of questionable investments and this latest investment has raised a host of new ethical concerns.

While Congress debates antitrust legislation aimed at curbing Big Tech’s power, Speaker Nancy Pelosi has denied claims that her husband’s recent $6 million investment in those same Big Tech companies is unethical.

“House Speaker Nancy Pelosi’s husband placed a bet of up to $6 million on Apple, Amazon and Google-parent company Alphabet,” Fox Business reported, “ahead of a powerful House committee moving forward with bills aimed at reining in the powers of Big Tech.”

"House Speaker Nancy Pelosi’s husband placed a bet of up to $6 million on Apple, Amazon and Google-parent company Alphabet ahead of a powerful House committee moving forward with bills aimed at reining in the powers of Big Tech."

via @BondsFx https://t.co/9etV9g3cy9

— Peter J. Hasson (@peterjhasson) July 6, 2021

“Paul Pelosi on May 21 spent up to $250,000 on 50 Apple calls that have a strike price of $100 and that expire on June 17, 2022,” Fox Business reported. “He also bought 20 Amazon calls, costing up to $1 million, that have a strike price of $3,000 and that also expire on June 17, 2022.”

He also bought $4.8 million in Apple stock.

Days before the House of Representatives took its first votes on legislation to break up big technology companies, House Speaker Nancy Pelosi’s husband Paul Pelosi exercised a call option and bought 4,000 shares of stock in Google parent Alphabet, worth nearly $5 million. https://t.co/pr1Jct0D5e

— patricia dowling (@ketchmeifucan) July 6, 2021

"The speaker has no involvement or prior knowledge of these transactions,” Pelosi’s office told Fox Business. “The speaker does not own any stock."

The pair is married and presumably own property together, buy expensive artisan ice cream together, and perhaps even discuss financial decisions together, so whether or not she personally owns stock may not actually matter.

Today's @Sludge post on Paul Pelosi prompts the question: why is it so hard to see the stock trades of members of Congress in closer-to-timely-disclosure, and why are they allowed to trade individual stocks at all?

Lots of good-government background here: https://t.co/36MBuCiln6

— David Moore (@ppolitics) July 6, 2021

It’s not the first time the Speaker’s husband has made questionable investments.

“Paul Pelosi in March exercised $1.95 million worth of Microsoft call options less than two weeks before the tech stalwart secured a $22 billion contract to supply U.S. Army combat troops with augmented reality headsets,” Fox Business reported.

He also bought Tesla stock in January before President Biden announced he would be spending taxpayer dollars on electric cars.

Do you think the Pelosis should stop investing in companies while she is Speaker? Do you think we need a complete ban on members of Congress investing in stocks they regulate? Let us know what you think!

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